NYMEX crude falls more than $1 to below $100.84

SYDNEY, March 24 (Reuters) - Oil fell more than $1 to less than $101 barrel on Monday due to profit taking after OPEC's chief said he expected steady oil prices for the rest of 2008.

The remarks added to growing worries that a recession in top consumer the United States would cut global energy demand.

U.S. light crude for May delivery CLc1 fell $1.23 to $100.61 a barrel in Globex electronic trading by 2335 GMT. It had settled down 70 cents at $101.84 a barrel on Friday, after falling as low as $98.65 earlier in the session.

(Reporting by Fayen Wong, editing by Jacqueline Wong)